TSSW $1.39 Stock Closes Near a New High on News Released below:
TouchStone Software Corporation Acquires 62nds Solutions Ltd.
TouchStone Software Corporation (OTC BB: TSSW) today announced that it has acquired 62nds Solutions Ltd., a New Zealand Company. 62nds Solutions Ltd. is the developer of TouchStone’s successful device driver update service, DriverAgent and the Update FX technology used in DriverAgent. The acquisition immediately benefits TouchStone financially as the portion of long term debt associated with the acquisition of the Update FX technology will be extinguished by way of this recent transaction. In addition, the key software architect and a principal of 62nds Solutions Ltd. has agreed to transfer to the United States upon approval of this individual’s visa application by the United States government.
The purchase of 62nds Solutions Ltd. is expected to enable TouchStone to accelerate new product development and broaden TouchStone’s technology expertise. “We’re confident this acquisition will enable TouchStone to develop future technology to compliment current product offerings which will positively enhance the profitability of the company going forward,” stated Jason K. Raza, President and CEO.
For additional product information, please contact TouchStone Software Corporation at 978-686-6468.
Disclosure Statements
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors including the ability of the company to successfully commercialize its new technologies as well as risk factors set forth under "Factors Affecting Future Operating Results" in the company’s annual report on Form 10-K and such other risks detailed from time to time in the company’s reports filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Forward-Looking Statements
The foregoing contains forward-looking statements which include those regarding expected operating results for the second quarter and remainder of 2006. Actual results could vary perhaps materially and the expected results may not occur. TouchStone Software may not achieve its planned revenue realization rates; succeed in its efforts to grow its business, build upon its technology leadership or capture market share, notwithstanding related commitment or related investment. The company may not benefit from its strategic alliances or partnerships as anticipated, customers may not respond as favorably as anticipated to the company's product or technical support offerings, or the company may not satisfactorily anticipate or meet its customers' needs or expectations. Actual results are also subject to a number of other factors, including macro and other economic conditions both in the U.S. and internationally. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in TouchStone Software's filings with the SEC including its annual report on Form 10-K for the year ended December 31, 2005 and its quarterly reports filed on Form 10-Q.
About TouchStone Software Corporation
TouchStone Software Corporation is a leading developer of innovative software designed to help people use complex technologies. The company’s products, which include BIOS Agent, BIOS Wizard and Driver Agent, are distributed worldwide via the Internet. TouchStone’s corporate headquarters are located at 1538 Turnpike Street, North Andover, MA 01845. Additional information on the Driver Agent service is available at www.driveragent.com and a one year subscription is $29.95. Additional information about TouchStone Software is available at www.touchstonesoftware.com.
NOTE: TouchStone Software, eSupport, Driver Agent are registered trademarks or trademarks of TouchStone Software Corporation and/or its affiliates.
TouchStone Software Corporation
Jason K. Raza, 978-686-6468
CEO and President |
